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US consumer confidence improves in October

Reuters
US consumer confidence improves in October

WASHINGTON, Oct 27 (Reuters) - ‌US consumer confidence improved in October amid ​an ‌easing in gasoline prices, though ‌frustration with the rising cost of living persisted, ‌a survey showed on Tuesday.

The Conference Board said its consumer confidence index increased to 91.7 ⁠this month from an ‌upwardly revised 84.2 ⁠in September. Economists polled by ​Reuters had forecast the index at 81 following a ​previously reported 81.9 reading ​in ‌September.

"The recovery was in line ​with retail gasoline ⁠prices easing from September ‌to October," ​said Fergus ​McCormick, senior economist, global indicators at the Conference Board. "Among write-in responses in October, consumers ‌continued to express frustration with rising costs. References to ‌prices, ​the high cost of food and groceries, and oil and diesel prices rose."

(Reporting Lucia Mutikani; ‌Editing by Chizu Nomiyama)